Ex$.3$

ABC Ltd$.$ has the following financing mix :

$\backslash$table$[[$Sources$,],[$Equity Capital $(10,000$ shares at Rs$.10$ each$),100,000],[12\%$ Preference Share Capital $(1,000$ shares at par value$),100,000],[$Retained Earnings,$120,000],[14\%$ Non$-$ Convertible Debentures $(800$ deb. at par value$),80,000],[$Total$,400,000]]$

The equity shares of the company are trading at $50.$ The dividend paid per share is $20\mathrm{.}00$ and the DPS is expected to grow at a constant rate of $10\%.$ The preference shares are redeemable after $8$ years at par and the sales proceeds realized at the time of issue is $75$ per share. The debentures are redeemable after $5$ years at par and their current market price is $90$ per debenture. The tax rate applicable to the firm is $50\%.$ What is the WACC of the company?